Markets Reel as New Front in Trade War Makes a Bad Month Worse

If there were any doubt about the “sell in May” adage for stocks, U.S. President Donald Trump put them to rest by announcing major tariffs on the second of his country’s top three trading partners. Investors were first jolted in early May by a Sunday tweet from Trump announcing new duties on Chinese imports, upending expectations for a U.S.-China trade deal. The month ended Friday with the U.S. president turning his tariff gun to Mexico, for reasons extending beyond trade and economics -- illegal immigration. -

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